By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - • Print | Email
The Uber IPO will be one of the most hyped initial public offerings in history when the ride-hailing company comes to market – which could be this year.
A $1.2 billion round of funding in December valued Uber at more than $41 billion. It operates in more than 250 cities across 55 countries. With that most recent funding round, Uber has now raised eight times as much capital as its closest competitor Lyft Inc.
But before an Uber IPO can occur, the company has some major issues it must fix.
And the biggest problem that could derail an Uber IPO today is how many places have banned Uber...
By Jim Bach, Associate Editor, Money Morning • @JimBach22 - • Print | Email
This week, the International Business Machines Corp. (NYSE: IBM) stock price has gotten a reprieve from what has been a long, painful downtrend, as it looks to break above new five-month highs.
IBM stock is up on news about a promising IBM-Chinese partnership, and a product cycle refresh in its mainframes that should help IBM recoup some of its lost revenue in hardware over the last few years.
But don't be so quick to jump in on IBM stock just yet...
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
Good Morning! Stock futures today (Tuesday) forecasted a 42-point gain for the DJIA from yesterday's close.
What to Watch Today: Investors will react to a busy economic calendar. This morning, St. Louis Federal Reserve President James Bullard called for a raise in interest rates during a speech in London. Consumer price and new homes data are on tap this morning, which will affect both consumer discretionary and housing stocks during today's session.
China, reinforced by its recent mega gas-purchase deals, has been turning to Russia for some time as an economic partner. Now, it seems, the only other billion-plus population country may be doing the same.
Rather than looking west, India is looking east, and contemplating its future as part of a Eurasian union.
From numerous angles India's future is bright. As you'll see, now's the time to get in on it...
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
How did the stock market do today? All major benchmarks erased earlier gains in the last 15 minutes of trading to close in the red. The Dow Jones fell 11 points.
Investors weighed fluctuations in the U.S. dollar and its effect on global commodity prices. Gold prices rose $3.10 to hit $1,187.70 per ounce. Silver prices climbed one cent to $16.89 an ounce.
Here are the day's top stories, plus our new profit tip for investors...
By Sid Riggs, Chief Research Analyst, Money Morning - • Print | Email
According to Bloomberg Business, people collectively waste an hour a day on Facebook debating everything from Kim Kardashian's hair to the now infamous gold/blue dress.
After last Wednesday, I've got to wonder how much time they're going to blow talking about what Fed Chair Janet Yellen said… or didn't.
At the end of the day it doesn't matter.
I say that because one of the most fundamental investing truisms of all is that "money moves to where it's treated best."
By Michael A. Robinson, Defense + Tech Specialist, Money Morning • @Robinson_STI - • Print | Email
We've got an outlook on tech stocks and a comprehensive outline on risk-management every investor should follow.
Plus, we've highlighted a half-dozen picks that will most certainly start you on your road to wealth.
By Jim Bach, Associate Editor, Money Morning • @JimBach22 - • Print | Email
For weeks now biotech stocks have headlined our list of top stocks to invest in for 2015.
And a particular biotech ETF is showing signals that this is rally is sector-wide, not confined to the smaller companies who get big lifts from specific price catalysts.
Here's why biotech stocks are so hot in 2015, and what this biotech ETF is telling us...
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
The Dow Jones Industrial Average reversed a streak of three consecutive weekly losses and added 201 points on Friday.
Why the gain? Declining dollar raised corporate earnings enthusiasm, while the markets got a boost from Nike Corp. (NYSE: NKE) earnings and exciting news in biotech.
Here are the day's top market stories, plus our new profit tip for investors...
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - • Print | Email
Wearable tech, medical tech, and cybersecurity are three of the most promising tech sectors we like investing in today. And all of those fields were the stars of the South by Southwest (SXSW) Interactive 2015 festival in Austin, Texas, this week.
Tech innovations are on full display at the festival's exhibition halls, where nearly 600 exhibit spaces are rented. In just four days, more than 65,000 people file through dozens of aisle ways to see demonstrations and product unveilings from robotics, virtual reality, gaming, and more.
SXSW sounds like it's mostly for tech junkies, but it's a treasure trove of profit opportunities for investors. It points to where the money will flow.
